EPRA Reveals December Fuel Prices
Super Petrol, Diesel and Kerosene will remain retailing at Ksh177.30, Ksh162 and Ksh145.94, respectively, in Nairobi.
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The Energy and Petroleum Regulatory Authority (EPRA) has announced that the fuel prices for the period between December 15 to January 14 will be unchanged.
Super Petrol, Diesel and Kerosene will remain retailing at Ksh177.30, Ksh162 and Ksh145.94, respectively, in Nairobi.
They were previously reduced by Ksh1 to retail at Ksh178, Diesel Ksh163, and Kerosene Ksh146. The new prices will take effect from December 14 at midnight.
New fuel prices as announced by EPRA on December 14, 2022. /VIRALTEAKE
"The maximum retail prices of petroleum products will be in force from December 15, 2022, to January 14, 2023.
"In the period under review, the maximum allowed petroleum pump prices for Super Petrol, Diesel, and Kerosene remain unchanged," EPRA announced on Wednesday, December 14.
The prices are inclusive of the 8 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act 2018, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
EPRA added that the Diesel had been subsidised with that of Super Petrol while a subsidy of Ksh25.07 per litre was maintained for Kerosene so that Kenyans are spared from the effects of high prices.
In Mombasa, Super Petrol will retail at Ksh174.98, Diesel at Ksh159.76, and Kerosene at Ksh143.69.
In Kisumu, Super Petrol will retail at Ksh177.50, Diesel at Ksh162.70, and Kerosene at Ksh146.66.
In Nakuru, motorists will pay per litre, Ksh172.62 for Super Petrol, Ksh161.83 for Diesel, and Ksh145.79 for Kerosene.
"EPRA wishes to assure the public of its continued commitment to the observance of fair competition and protection of the interests of both consumers and investors in the energy and petroleum sectors," EPRA Director General Daniel Kiptoo Bargoria.
The government agency had previously noted that last month's drop in fuel prices was occasioned by the maintenance of fuel subsidies for Diesel and Kerosene.
"A subsidy of Kshs18.15 per litre and Kshs27.47 per litre has been maintained for Diesel and Kerosene respectively in order to cushion consumers from the high prices.
"The Government will utilise the Petroleum Development Levy to compensate oil marketing companies for the difference in cost," EPRA explained.
During his speech on Tuesday, September 13 after he was sworn in as Kenya's fifth Head of State, President William Ruto planned to end the fuel subsidy, arguing that taxpayers spent a total of Ksh144 billion, a whooping Ksh 60 billion in the last four months.
Former President Uhuru Kenyatta handing over the instruments of power to President William Ruto on September 13, 2022. /FILE
